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It's not very surprising at all. People have invested a lot of time and money in it, and each student is worth about $100,000 to a university. So if you speak o
by fleitz 16y ago
It's not very surprising at all. People have invested a lot of time and money in it, and each student is worth about $100,000 to a university. So if you speak out against it of course there is going to be a backlash, a) from the people who invested in it and b) from those who profit from it.
They're just talking their book.
- Eliezer 16y agoIt's not the time and money they invested, which is a sunk cost, but the prestige they keep on deriving. Paying people to stop out of college is an attack on the prestige you think you're getting from your college degree.
- joshkaufman 16y agoThere's also an endowment effect involved - the more time/energy/money it costs to obtain a credential, the more people resent losing the perceived benefits.